‘The FCA’s recent consultation (CP24/2) on changes to its enforcement process has provoked what appears to be unanimous opposition from government and industry bodies. Of particular concern is the proposal in consultation paper (“the CP”) that the FCA will publish information about its enforcement investigations, including the identity of the subject of the investigation, where it assesses it to be in the public interest to do so. Due to legal considerations which apply to the publication of information relating to individuals, the FCA’s proposals extend only to firms. However, the potential harm caused not only to those firms, but also their customers, their employees, the market – and UK plc – may be profound.’
Kingsley Napley Criminal Law Blog, 7th May 2024
Source: www.kingsleynapley.co.uk
